ThursdayMay 01, 2008 5:42 am
Cobra Electronics Corp. (COBR), a maker of two-way and CB radios, radar detectors, and mobile navigation devices, announced first quarter earnings of $81,000 or 1 cent per fully diluted share, compared to a net loss of $720,000 or 11 cents per share in the prior year. Profit improved despite a decrease in revenues from $32.0 million to $28.9 million. The Performance Products Limited ("PPL") segment that was acquired in October 2006 made its first accretive contribution to earnings with improved gross margins on a 39% increase in sales. "We are pleased with Cobra's improved performance in the first quarter and…
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